Gazprom to spend 80 bln rubles on Nord Steam overland section in 2009

Gazprom (RTS: GAZP) plans to spend approximately  80  billion rubles building the overland section of the Nord  Stream  gas  pipeline in 2009, Valery Golubev, the Russian gas giant's deputy CEO, told reporters according to Interfax.

We're probably looking at 80 billion rubles, Golubev said.

Next  year's  costs  could  be  adjusted  because  Gazprom  is also designing  and  placing  orders for compressor station equipment besides building the pipeline itself, he said.

Source: Portnews